Pune, 13, Dec, 2022: The report published by Maximize Market research, on Telehandler Market, covers an extensive regional analysis and competitive landscape. Over the forecast period, Maximize Market Research expects, the market to growth from 6.74 Bn. in 2021 to 20.48 Bn. in 2029 at a CAGR of 14.9%.
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Telehandler Market Scope and Research Methodology
The study offers forecasts after analysing both primary and secondary data for the market’s size and growth rate, as well as current and future trends in the telehandler industry. The study presents an in-depth analysis of the international, regional, and domestic telehandler markets. At the local, regional, and global levels, regional assessments of the market are conducted to have a better understanding of market penetration, competitive structure, pricing, and demand analysis. For the purpose of conducting a competitive analysis of the telehandler market, the major industry players are listed according to region, along with information about their revenue, financial standing, portfolio, technical advancements adopted, mergers and acquisitions, joint ventures, and strategic alliances. It also includes a study of the company’s outlook and growth prospects for recent market entrants. Such an analysis provides a general overview of the telehandler market, which stakeholders, investors, market participants, followers, and new entrants can use to develop investment methods and marketing plans.
The bottom-up methodology was used to validate the market size and its estimation by different segments. The divisions of product type, end-user, and geography are utilised to analyse the telehandler market in order to identify factors that influence market growth. Techniques for collecting secondary and primary data were used to collect the data. The major methods involved interviewing business owners, market leaders, and marketing specialists over the phone and through surveys and questionnaires. This also includes trade magazines, white papers, annual reports, and press releases from businesses that create and provide items to the sector, in addition to commercial databases and the official websites of several organisations and the government.
SWOT analysis was conducted to identify the strengths and weaknesses of the telehandler market, while PESTLE was employed to understand the potential impact of the micro-economic factors affecting the telehandler market.
Telehandler Market Overview
A telehandler is also called a telescopic handler, teleporter, or boom lift. It is similar to a forklift but has a boom, which makes it more like a crane than a forklift.
Pallet forks are the most commonly used telehandler accessory in the industrial sector. The telehandler is used to transport items to and from locations that are out of the reach of a typical forklift. In the agricultural industry, a bucket grab is the most typical telehandler attachment. A telehandler is used to move goods to and from locations that a wheeled loader or backhoe loader cannot access.
The market for telehandlers is driven by the growing usage of telehandlers in the agricultural sector, increased investment in the infrastructure sector, and the use of telehandlers in solid waste recycling and management facilities. It is also expected that a high rate of productivity will increase demand for technologically advanced systems in construction equipment, which will drive market growth during the forecast period. However, the high cost of raw materials and the growing trend of forklift usage are restraining the market’s growth on a global scale.
Telehandler Market Dynamics
A few of the key factors driving the growth of the global telehandler market over the forecast period include telehandlers’ adaptability, their growing use in agriculture, and rising infrastructure investment.
The versatility of telehandlers begins with the machine’s capacity to attach a range of add-ons to the boom, from bucket grabs to pallet forks to muck grabs and more, depending on the load and application that can be mounted on the boom end, making it versatile transportation equipment in a variety of end-use industries. As the world’s population rises, bulk material handling plays a bigger role in agriculture and animal operations. As the amount of agricultural produce increases, telehandlers are becoming more and more necessary for agricultural applications.
Increased infrastructure investment is one of the key factors fueling the global telehandler market, as shown by the fact that several multinational corporations have started establishing operations in developing nations to benefit from low-cost manufacturing as a result of the global economic downturn.
Telehandler Market Regional Insights
North America dominated the telehandler market in 2021 and is expected to grow in the forecast period. Thanks to the region’s large number of market players. The second-largest market share was held by Europe, which is expected to increase throughout the forecast period as a result of developments in the building sector and rising real estate investment.
The Asia-Pacific region is expected to grow in the forecast period, with a significant number of on-going infrastructure and advancement projects in China and India. The development of projects relating to transportation, infrastructure, and airports is driven by the rapidly rising nations, particularly the economies of East Asia. As a result, Asia is seeing an increase in demand for small, sturdy telehandlers. The growth of the telehandler market is aided by the presence of several telehandler manufacturers in the Asia-Pacific region.
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Telehandler Market Segmentation
By Product Type:
- Compact telehandler
- Large telehandler
Telehandler Market Key Manufacturers:
- Doosan Infracore Co. Ltd.
- Terex Corporation
- Liebherr Group
- Manitou Group
- C. Bamford Excavators Ltd.
- Linamar Corporation
- CNH Industrial
- Oshkosh Corporation
- Haulotte Group,
- Merlo S.p.A.
- Deere & Company
- Bobcat Company
- AB Volvo
- Komatsu Ltd
- Pettibone Traverse Lift, LLC
- Infracore Co. Ltd
- Industria Metalmeccanica con socio unico
- XCMG Group
Key questions answered in the Telehandler Market are:
- What is Telehandler?
- What is the growth rate of Telehandler Market for the forecast years?
- What is the nature of competition in Telehandler industry in developed and developing economies?
- Who are the key players in the Telehandler Market?
- Who are the market leaders in Telehandler in Europe?
- Who are the market leaders in Telehandler in USA and Canada?
- Who are the market leaders in Telehandler in India, China, Japan and South Korea?
- What are the factors affecting growth in the Telehandler Market?
- Who held the largest market share in Telehandler Market?
- What are the factors for the growth of Asia-Pacific region in Telehandler Market?
- Market Share, Size & Forecast by Revenue | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by Product Type, End-user, and Region.
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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